Everus (NYSE:ECG) Reaches New 1-Year Low – Time to Sell?

Everus (NYSE:ECG) reached a new 52-week low during trading on Monday . The stock traded as low as $39.68 and last traded at $39.83, with a volume of 240735 shares traded. The stock had previously closed at $43.56.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ECG. Stifel Nicolaus lowered their price objective on Everus from $85.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Oppenheimer lifted their price target on shares of Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Wolfe Research initiated coverage on shares of Everus in a research note on Tuesday, December 3rd. They issued a “peer perform” rating for the company. Finally, DA Davidson initiated coverage on shares of Everus in a research note on Monday, November 4th. They set a “neutral” rating and a $55.00 target price on the stock.

Everus Price Performance

The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average price of $64.64.

Everus (NYSE:ECG) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). On average, research analysts anticipate that Everus will post 2.49 EPS for the current fiscal year.

Insider Activity at Everus

In related news, Director Rocca Michael Della purchased 1,050 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the completion of the transaction, the director now owns 2,027 shares in the company, valued at approximately $96,404.12. The trade was a 107.47 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Hedge Funds Weigh In On Everus

Institutional investors and hedge funds have recently modified their holdings of the stock. SRS Capital Advisors Inc. purchased a new stake in Everus during the 4th quarter valued at $26,000. Principal Securities Inc. bought a new position in Everus during the fourth quarter valued at $27,000. HighMark Wealth Management LLC purchased a new stake in shares of Everus in the fourth quarter valued at $28,000. Crews Bank & Trust purchased a new stake in shares of Everus in the fourth quarter valued at $29,000. Finally, Quarry LP bought a new stake in shares of Everus in the 4th quarter worth about $36,000.

Everus Company Profile

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers.